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WASHINGTON - A FED official with close ties with the Chairman Ben Bernanke expressed doubts on the question of whether new bond purchase program Monday 600 billion of the US Federal Reserve would succeed to stimulate the economy.

Kevin Warsh, a Governor of the Federal Reserve has also warned 'significant risk' associated with the program, including the potential to trigger excessive inflation thereafter.

The program of the Federal Reserve announced the last week is intended to push rates of interest on loans even lower are maintenant.La Fed hopes loans cheaper will stimulate us to borrow and spend more.A stronger economy could, in turn, calls on companies to hire more and reinvigorate the economy.

But Warsh said he doubted that the program will be "significant" or "sustainable profits" for the economy it made the comments in a speech at the annual meeting of the securities industry and financial markets Association in New York.

Despite his reservations, Warsh was among 10 Fed officers who voted for the 600 billion dollars.La dissent only from Thomas Hoenig, President of the Federal Reserve Bank in Kanas City program.

The Warsh comments pointing to unease about the risks of the Central Bank takes with the new program - even among some officials of the US Federal Reserve have soutenue.WARSH, a lieutenant of Bernanke, has never dissenting vote of the u.s. Federal Reserve.

WARSH has warned that the Fed may have to review its programme if the dollar continues to fall or commodity prices continue to increase, raising inflation throughout the economy.

The US Federal Reserve, last week said it will monitor the effect of the purchases link on the economy program. He left the door open to scale back purchases if the economy is growing more than expected or high inflation becomes too much of a threat o.d. ' on the other hand, the Fed indicated increase purchases if weak economic conditions.

"The Fed is not broken, and trade policies, compensation for financial workshop" said Warsh. ""Given the evils we, additional monetary policy measures are, at best, poor substitutes for stronger growth policies".

WARSH suggests that the tax code to provide more incentives for firms to step up the reform of the Congrès.Il investments indicated that such an approach is a more effective way to strengthen the economy.

Take a different position, James Bullard, President of the Federal Reserve Bank of St. Louis, sustained in a speech Monday in New York City as the "benefits outweigh the risks."He also voted for the $ 600 billion program last week.

Bullard said he worries that the weakening of the economy could lead to deflation - destructive property and services, wages and the value of the stock price decreases and maisons.Programme purchase link of the Federal Reserve should help to prevent any deflationary force takes shape, he said.Bullard was recognized as too high fuel risk of inflation.

The Federal Reserve to stimulate growth, its balance sheet is now 2.3 trillion dollars.Qui is almost triple the amount before the recession.Adding new link farms will grow to nearly $ 3 trillion.

Hoenig and Warsh say they fear that the large sums that the Fed is pumped into the economy could release inflation .Bernanke, however, stated that these fears are exagérées.Il said entrusting the Fed can absorb all the money that the economy is on firm footing - before inflation gets out of control.

During the 2008 financial crisis, Warsh has worked with Bernanke crafts programs for credit - economy - nouveau.Banks flow oxygen had ceased mainly loans to each other and their customers, helping to dive deeper economy into recession.

Richard Fisher, President of the Federal Reserve Bank of Dallas, which took part in discussions at the Federal Reserve last week, but is not a Member voting, called "bad medicine" $ 600 billion program for the evils of economy .Fisher, who made his comments in a speech delivered in San Antonio, said he was concerned that the Fed as if it is printing money to pay the debt of the Federal Government.

And frettes plan could make new bubble in the price of products, inventory and other assets.

"Excess... is and financial speculation began to increase his worn-out head", he said.

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